With rising fears about the US-China trade war and an imminent global recession, investors sought safety in assets like precious metals and sovereign bonds to hedge the risk against unfavorable market conditions. Gold prices move inversely with inflation, and bonds are perceived to be a safer bet as the risk of default is lower than equities. In recent months, demand for gold has risen as global outlook looks increasingly pessimistic. That trend, perhaps comfortingly, started to falter last week.
Slowly but surely, the digital age has changed many aspects of our lives, from how we interact with people to the way we source information. It is only natural, then, that our means of exchange also undergo rapid change.
“Wherever there is great property, there is great inequality,” echoed the words of Adam Smith, the father of modern economics. He could not have been more right at any other time than the present.
A meat-free diet was once only associated with the likes of eco-warriors and hippies, but attitudes are rapidly changing. Many traditional food chains and supermarkets, including Burger King, Nestlé, Tescos, and more, are beginning to embrace the blossoming meat-free revolution.
While plant-based meats are growing rapidly, is this trend worth the hype?
As Brexit runs havoc around the country, having already swallowed two Prime Ministers and looking hungry for a third, we injected game theory into this labyrinth in hopes that it might shed some light into this perplexing puzzle playing out in front of us.
In the first of a 3 part series, WES investigates how hardline immigration policy is challenging the future of international students in the US and the potential consequences of this shift in policy on the nation’s long-term STEM innovation.
The United States’ ability to attract the best and brightest in STEM (Science, Technology, Engineering, and Mathematics) fields from around the world has provided it with a competitive edge for the past half-century, yet this edge is at risk.
As the US makes it harder for universities to attract foreign students, other countries are working to enroll more of them; this could be detrimental to the nation’s long-term innovation, start-up investment, and output-capacity.
Evidence that the US is losing its luster to competitors comes from comparative changes in international student numbers. Although the U.S. retains the most international students across undergraduate and graduate education as a gross total, within the period 2016-8 this figure grew by only 4.9% in this period, lagging behind both Canada (which increased 39.5% in this period) and Australia (which increased by 25.5%)
Mounting visa problems and other obstacles are making it harder for talented students and skilled workers to enter the US, depriving the nation of the brainpower required to succeed in a fast-moving world built upon collaborative technological progress.
Challenging conventional wisdom
Critical to embracing immigration reform is challenging the conventional notion that skilled-immigration unfairly increases competition and depresses the earnings to American workers in STEM.
Graduating in 2020, 2021 or 2022?
Welcome to the recession. Expect stagnant wages for the first few years, lagging long-term growth prospect, and a feeling of playing catch up with previous successful cohorts.